Gas prices are high, energy stocks are all over the map, there’s a push to move to electric vehicles, and of course, a push against it. Where does that leave us?
Noted investor and ETF head Cathie Wood doesn’t shy away from standing behind her picks and sharing her long-term thesis on why the stocks were good bets for the long-term.
Two video game-related stocks were recently defended by Wood, despite large year-to-date declines. Here are the two stocks and why Wood was bullish.
If history is a guide, there’s a chance that the recent selloff in the market may have just gotten started. As you can see on the below chart of the Dow Jones Industrial Average going back to 1897, the current move lower is barely visible.
There have been many bear markets that lasted for many months or even years.
Samsung Group’s investment arm is slated to list a blockchain exchange-traded fund on the Hong Kong Exchange (HKEX) in the first half of this year, according to The Korea Economic Daily.
If the market continues to drop, shares of the Direxion Daily Financial Bear 3X Shares ETF (NYSE: FAZ) should skyrocket. It is designed to move in the opposite direction of the financial sector stocks. If they go down, FAZ will go up.
This ETF also uses leverage. This can add to the profits.
Cathie Wood's investment strategy deserves some attention. Not because it should be modeled, but because investors can learn from the Ark Invest CEO's mistakes and hope to avoid falling into the same traps.
The Direxion NASDAQ-100 Equal Weighted Index Shares (NYSE: QQQE) can give great signals. For example, it peaked one month before the NASDAQ-100 did.
There is a good reason for this.
Cathie Wood, founder and CIO of ARK Investment Management, thinks the U.S. Securities and Exchange Commission's (SEC) decision to reject a spot Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF) “makes no sense.”